Soul Patts, Brickworks to Cement Ties With $9 Billion Merger

Australian investment manager Washington H. Soul Pattinson and building-products maker Brickworks agreed to merge into a single company worth US$9 billion, cementing a formal relationship that began almost 60 years ago.

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Chinese EV Makers Pull Away From Tesla With Sales Gains

NIO, XPeng, and Li Auto delivered almost 98,000 cars in May, up about 50% from a year ago. BYD delivered more than 200,000 all-electric vehicles, up 40% from last year.

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Trump Administration Targets Tech Firms as It Cuts More Contracts

Officials are expanding the review of federal contracts beyond consulting firms and entering a new phase focused on tech companies.

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Sanchez Lenders Regain Control of Driller Five Years After Bankruptcy

A federal appeals court said a bankruptcy judge was wrong to strip control of Sanchez from top lenders Apollo and Fidelity.

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Trump Says Steel and Aluminum Tariffs Will Double to 50%

The president said U.S. Steel, which is in a deal to be taken over by Tokyo-based Nippon Steel, will remain U.S.-controlled.

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Retailers Flex Their Vocabulary to Warn of Potential Tariff-Driven Price Hikes

Retailers are walking a tightrope to convey they're looking to raise prices without actually saying they're raising prices.

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Judge Examines Steps to Limit Google's Reach in AI Arms Race

Lawyers began making closing arguments Friday in a landmark antitrust case over the online search market and future of AI.

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NatWest Returns to Private Ownership as U.K. Government Completes Exit

The Treasury received a total of £35.0 billion from its shareholding in the company, or £10.5 billion less than what it paid in the bailout.

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Azul Gets First-Day U.S. Court Approvals in Chapter 11 Process

The court granted approval for the Brazilian airline operator to access $250 million of its $1.6 billion debtor-in-possession financing.

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HSBC Retreats From Banking Smaller U.S. Businesses

HSBC is disbanding a division that serves small and medium-size companies in the U.S., part of a push to focus on markets where it has an edge.

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Nippon Steel to Invest $6 Billion to Cut Carbon Emissions

The Japanese steelmaker said the investment in electric arc furnaces will increase production capacity while significantly reducing emissions.

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EOG Resources to Buy Encino Acquisition Partners for $5.6 Billion

EOG Resources has agreed to buy Encino Acquisition Partners for $5.6 billion, extending its acreage in Ohio's Utica Shale.

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Shoe Carnival Backs Guidance, Plans Focus on Premium Brands

Shoe Carnival said it would boost its investment in its Shoe Station banner in an effort to focus more on premium brand shoes, and the company also maintained its outlook for the year.

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EssilorLuxottica to Buy Optegra in Medical AI Push

The eyewear group said the deal further expands its reach beyond Ray-Bans, frames and lenses into AI-powered technologies and science-backed eyecare solutions.

(END) Dow Jones Newswires

June 01, 2025 21:00 ET (01:00 GMT)

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